BITGET QUICK INFORMATIONINFO
Founded in 2018, Bitget is a well-known global cryptocurrency exchange. Although it is headquartered in the Seychelles, it often boasts daily trading volumes in the billions and has a substantial global market presence. The Bitget exchange remains unregulated in the United States, though. With support for over 800 cryptocurrencies and a range of trading options, such as direct cryptocurrency purchases, spot trading, swaps, P2P trading, margin trading, and futures trading, the Bitget exchange is a one-stop shop. Bot trading, copy trading, auto-investing, crypto loans, savings, on-chain earning, and other services are also available.
Bitget has outstanding fiat support as well, supporting over 100 fiat currencies and a wide range of payment options. Its tiered charge structure gives traders who produce high monthly trading volumes a discount.
HOW TO MAKE A DEPOSIT
CRYPTO / CREDIT (DEBIT) CARD / P2P / THIRD PARTY
You can deposit cryptocurrency onto Bitget by getting a Bitget wallet address from your account and then sending money from another wallet or exchange, or you can deposit fiat money by using a Credit Card, Debit Card, P2P trading or third-party payment providers for direct purchases. Always choose the appropriate network and currency for the transfer when making cryptocurrency deposits, and think about doing a tiny test transaction first.
DEPOSITING FIAT CURRENCY
For Third Party Payment on the website, pick “Buy Crypto,” then choose the cryptocurrency you wish to purchase and your fiat currency. Select “third party” and choose a payment method, then click “next”. For P2P on the website, hover over the “Buy Crypto” icon and click on “P2P trading”. Select the crypto, fiat currency, and a payment method. Choose a seller, review their terms, confirm the amount, and complete the payment.
DEPOSITING CRYPTOCURRENCY
Go to the “Wallet” or “Assets” section after logging into your Bitget account.
After step one choose the cryptocurrency you wish to deposit by clicking on the “Deposit” button. Then select the network that corresponds to your sending wallet or exchange, such as ERC-20 or TRC-20. Paste the Bitget address into your external wallet or exchange, then start the transfer. Before sending, make sure the network and token are accurate, and then wait for the blockchain to validate your deposit.
ATTENTION !! For significant cryptocurrency deposits use a test transaction To prevent such problems. Always double-check that the token and network are identical on both the sending and receiving ends. When working with third-party suppliers, always keep the payment pending page open because the procedure is still in progress.
BITGET TRADING FEES
With normal base rates of 0.1% for spot makers and takers, 0.02% for futures makers, and 0.06% for futures takers, Bitget charges distinct fees for spot and futures trading. By paying for trades with the native Bitget Token (BGB), which provides a 20% discount, fees can be decreased. Through a tiered VIP system depending on their trading volume and daily balance, high-volume and VIP customers can also get additional savings.
SPOT TRADING FEES
Maker Fee: 0.1% (discounted to 0.08% with BGB usage)
Taker Fee: 0.1% (discounted to 0.08% with BGB usage)
HOW TO REDUCE TRADING FEES
Get 20% off when you pay your spot or margin trading costs with BGB. By increasing your VIP level, you can qualify for lower maker and taker fees through Bitget’s VIP tier system by achieving higher trading volumes and maintaining a larger daily asset balance. Delivery futures might have slightly cheaper fees than perpetual futures, so have a look at the various types of futures.
FUTURE TRADING FEES
Maker Fee: 0.02%
Taker Fee: 0.06%
OTHER FEES
Crypto deposits are free, however the sending platform may incur network costs. The cost of Crypto withdrawals varies according to the network and cryptocurrency chosen. In margin trading, borrowed money are subject to hourly margin interest charges, which vary depending on the token and the state of the market.
MEXC PERPETUAL FUTURES OFFER UP TO 500 TIMES LEVERAGE
With less capital, traders can manage a larger stake thanks to leverage. A multiplier, such as 10x, 20x, or 100x, is used to express it. For instance:
With 10x leverage, and a $1,000 margin allows you to open a $10,000 position. Higher leverage increases potential profits but also increases the risk of liquidation.
EXAMPLE
If you are trading BTC/USDT and you select 10x Leverage then you need $9,000 margin to open a $90,000 position. With 20x Leverage you need $4,500 margin to open the same $90,000 position.
IMPORTANT LEVERAGE POINTS
Increases Margin Exposure: Using leverage raises your margin exposure, which in turn makes gains and losses more noticeable. Risk management is essential because it increases the impact of price changes on your position even when it does not immediately boost realized or unrealized gains.
Impact on the Liquidation Price: As leverage increases, the margin buffer is diminished, pushing the entry price closer to the liquidation price.
Requires Adequate Margin: Make sure you keep enough margin in your account to prevent liquidation.
How much leverage can I obtain on Bitget Futures?
Depending on the market and trading pair, Bitget offers leverage of up to 125x.
Can I alter my leverage once I've opened a position?
Yes, even after initiating a position, you can change the leverage. The size of the open position will remain unchanged, but adjustments will impact the margin needs.
Does greater leverage translate into better earnings?
Higher leverage can improve profits, but it also raises the possibility of suffering large losses and drives up the liquidation price.
Does changing leverage come with a cost or fee?
No, there isn't a cost to change the leverage; however, the amount of leverage will affect the margin you need.
What impact does leverage have on the price of liquidation?
The margin buffer is diminished by increased leverage, which brings the liquidation price closer to your entrance price.
DISCLAIMER AND RISK WARNING
Bitget and us solely offer trading tutorials for educational purposes; they are not intended to be construed as financial advice. The tactics and examples given are meant to serve as samples only and might not accurately represent the state of the market. Trading cryptocurrencies carries a number of hazards, one of which is the possible loss of your money. Future outcomes are not guaranteed by past success. Always do extensive study and be aware of the risks. Users’ trading decisions are not Bitget’s responsibility.